Strong upward momentum in upward trend. Rectangle was built.
Price too choppy for front running on an upside break of the rectangle. Prefer to wait for a breakout on the upside of the current consolidation for enter long.
Both TPs provide good chance-risk ratios.
HFC is in a good spot for a 24 hour trade. It has shown clear signs of bottoming out and should bounce to at least $27. This is evidenced RSI and candlestick patterns on both daily and hourly, candlesticks on both daily and hourly.
Position: HFC LONG
Asset: April 17 $26 CALL options.
Logic: Hourly envelopment candle, daily hammer / doji candle at supporting...
Weekly price projection was met in a 3rd of the projected time. Will watch for a range expansion or strong daily close to enter this long. Check out some running ideas below, as well as a big picture SPY outlook by @IvanLabrie.